Nahid Kennedy. House prices have risen strongly in Asia-Pacific and other places. Juwai IQI, the largest real estate technology company in Asia, recently released the “Global House Price report for the second quarter of 2021”.Please Visit: Nahid Kennedy to Get Your VVIP Registration Today!
Global house prices rose sharply in the second quarter, with prices rising strongly in Europe, the United States, Canada and some countries and regions in the Asia-Pacific region. Double-digit house price increases are becoming the norm in Europe, Asia-Pacific, the US and Canada as of the second quarter of this year, and “the scale of this housing boom is unprecedented”, according to the report.
The report believes that low interest rates, monetary easing and large-scale stimulus measures by some governments are the main reasons for the rise in global house prices. The report shows that real house prices have risen in 43 of the 56 housing markets where housing statistics have been released globally. The housing market in North America continues to heat up. In the United States, although interest in housing construction continues to be strong, driven by extremely low interest rates and massive government stimulus spending, limited supply limits sales activity, so house prices have reached an all-time high.
Similarly, in Canada, house prices in 11 major cities have risen strongly again after a two-year slowdown due to strong demand and improved economic prospects. In European countries, house prices have risen significantly in Montenegro, Slovakia, Sweden, the Netherlands, Germany and so on. In the Asia-Pacific region, house prices are rising rapidly in countries such as New Zealand, South Korea, Japan, Sri Lanka and Australia.
The sharp price reduction in Golden week is a tacit thing among the buildings, but in order to avoid interviews and make trouble with the old owners, it has evolved into an “underground guerrilla war”; in Ningbo, Zhejiang, there is a gourmet competition between the buildings. Mongolian Roast Whole Lamb and British afternoon tea take turns; in Yantai, Shandong, developers hold blind dates for thousands of people, buy houses after successful matchmaking, and send 10,000 yuan to honeymoon funds.
During this year’s National Day Golden week, it is not uncommon for real estate prices to fall by hundreds of thousands. The third phase of the Central South Spring Wind South Bank project, with a floor price of 16000 yuan per square meter, is only sold for 16000-17000 yuan per square meter after fine decoration, and the price of a house is more than 1 million yuan lower than that of the first phase.
Even if the developers work so hard, this year’s “National Day” overall property market transaction data performance is still not good. The transaction area of urban new houses, which is mainly monitored by the Middle finger Research Institute, has dropped by 33% compared with the same period last year. The transaction scale of the four major first-tier cities in Beijing, Shanghai, Guangzhou and Shenzhen is still the same, and the transaction volume of the second, third and fourth lines represents a sharp drop of 40%.